Fonterra’s Beingmate forecasts big loss in first half
UPDATE: Fonterra has provided a statement concerning its 18.8% investment in Beingmate after the Chinese company flagged a first half loss of up to $25 million.
Fonterra’s [NZX: FCG] investment in Chinese dairy company Beingmate has taken a turn for the worse after the Shenzhen-listed company flagged a first half loss yesterday.
Fonterra bought 18.8% of Beingmate Baby & Child Food Company in March, paying 18 renminbi a share for its stake.
The
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Duncan Bridgeman
Wed, 15 Jul 2015
Wed, 15 Jul 2015
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Fonterra’s Beingmate forecasts big loss in first half
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